not vested
THIS LANDLORD PROFITS FROM THE BULL MARKET IN HOUSING
Today's company is a one-click way to own 100,000 in-demand apartments...
Regular readers know about real estate investment trusts, or REITs. These companies own buildings, rent them out, and then pay out at least 90% of their income to shareholders. That means you get the profits of being a landlord without all the stress. During today's bull market in housing, this REIT has carved out a lucrative niche...
Mid-America Apartment Communities (MAA) buys and develops apartment buildings in 17 states and Washington, D.C. Unlike some big apartment REITs, Mid-America mainly focuses on the American Sun Belt... not ultra-competitive markets like New York City or San Francisco.
It's been a good business... Mid-America's average rent rose 3.2% in the most recent quarter. And it had tenants in 96% of its same-store portfolio, which covers 96,000 apartment units.
Over the past five years, MAA shares have returned about 115%, including dividends... and they recently hit a new all-time high. With Americans eager to rent its apartments, Mid-America is well-positioned for success...
Source: Daily Wealth